What is PPF in economics?

Related questions

1. Why is PPC linear?
2. What is slope of PPC?
3. Why is the demand curve downward sloping?
4. How does a PPC show opportunity cost?
5. Why is the PPF bowed outward?
6. What is transformation curve?
7. What are the assumptions of PPC?
8. What shifts a PPC curve outward?
9. Is PPC concave or convex?
10. Why is PPC called opportunity cost?

Tags

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2. #shows
3. #frontier
4. #resources
5. #possibility
6. #efficiently
7. #maximum
8. #production
9. #output
10. #employed
11. #achieve
12. #services
13. #fully
14. #economy
15. #combinations
16. #goods